The Citco group of companies has opened a new office for the firm’s asset-servicing operations in Guernsey, offering fund accounting, fund operations and company secretarial with the key business focus centred on automation.

The Citco group of companies (Citco) has opened a new office for the firm’s asset-servicing operations in Guernsey, offering fund accounting, fund operations and company secretarial with the key business focus centred on automation.

The office will be situated at Frances House, Sir William Place, St Peter Port, Guernsey – the island’s financial hub – and will cater to the firm’s growth ambitions in private credit and private equity.
 
Citco Fund Services (Guernsey) Limited opened its first office on the Island in 2014. The company provides a full suite of middle office and back office services, including treasury and loan handling, daily NAV calculations and investor services, corporate services, regulatory and risk reporting, banking solutions, and tax and financial reporting services.